Real estate giant appeals 'each and every part' of contempt order in New York Trump probe

[Yo_Mama_Been_Loggin]

Source: Reuters

NEW YORK (Reuters) - Cushman & Wakefield, which appraised several properties belonging to Donald Trump, on Wednesday appealed "each and every part" of an order finding it in contempt of court related to subpoenas in a civil probe into whether the former U.S. president manipulated asset values.

Justice Arthur Engoron of a New York state court in Manhattan had on Tuesday found Cushman, one of the world's largest real estate companies, in contempt and imposed a $10,000-a-day fine starting on July 7.

He chastised Cushman for waiting until after its latest deadline to seek more time to comply with New York Attorney General Letitia James' subpoenas, saying it "has only itself to blame if it chose to treat the looming deadlines cavalierly."

Engoron acknowledged that James sought an "enormous" number of documents from Cushman, but said state law allowed subpoenas of that breadth.

Read more: https://www.msn.com/en-us/news/politics/real-estate-giant-appeals-each-and-every-part-of-contempt-order-in-new-york-trump-probe/ar-AAZi1XG?li=BBnb7Kz

[Midnight Writer]

1. Of course they are. Why wouldn't they? Delay it into oblivion is the go-to strategy these days.

[gab13by13]

2. The wait and see crowd doesn't see a problem.

[Puppyjive]

3. I bet it's system wide

I think the real estate market is corrupt as hell and it starts with realtors. They have over inflated property values because they can.

[Sedona]

5. Speaking as a Reator licensed in three states

Agents have not over inflated property values. Supply and demand did.



https://www.freddiemac.com/research/insight/20210507-housing-supply

[Puppyjive]

6. I respectfully disagree

Realtors always tell people the 'market value' of their homes. When the appraisal comes back, it's always spot on. Supply and demand is another term for price gauging, and it has destroyed the American dream.

[FakeNoose]

7. I agree about the corrupting influence of realtors, my friend

Not only do they control the pricing and the appraisals - which has skewed the housing market for the last 30 years - they also control what the potential buyers get to see and don't see.

The realtors always funnel the buyers to the properties where they (the realtors) make the best cut. In other words, the higher-priced properties, the ones we buyers can barely afford. If I'm a buyer and I know what I can afford, they're only going to show me something that costs more than what I think I can afford. There might be many properties out there that I could have purchased with no problem, but no - I never get to see those. I only get to see the ones that cost more than my ability to pay. So I have to scrape and beg, and be grateful when I finally get something. It's a stupid, awful, corrupt system and realtors hold all the cards.

The only way to beat their system is to refuse to deal with realtors. Deal with the property owner directly, in a "For Sale By Owner" situation.

[azureblue]

8. no

A realtor gives the seller several prices- the market price of the house, if it was "perfect". The market price of the house, "as is". The appraised (both tax and market appraisal), then the "comps" - what comparable houses in the area are prices at and were sold at. Out of all that come the listed price, with an eye on how hot the market is. The appraised value is usually under, because part of the appraisal is to uncover things that need repair or updating, and then deduct that figure from the final "if it were perfect' figure. Even in a brand new house, an appraiser will find things that were done right or sub par work that needs correcting. The market is determined by supply and demand, and who is willing to pay. Nothing nefarious about it. In a hot market people will snap up a mover inner but fixer upper just to be in an area, and usually at above listed price.

[Puppyjive]

9. Middle class

Middle class Americans cannot usually pay over asking prices. Just because someone pays over asking price, that should not raise the value of the home. Realtors have this country so eff'ed up right now. But your making bank so it's ok.

[PoliticAverse]

4. Delay.... delay... delay... n/t